Royal Dutch Shell Plc is linking up with some of the world’s biggest carmakers to expand its electric-vehicle charging business in Europe as it prepares for life beyond oil, Bloomberg reports.
Shell said in a statement that it has agreed with IONITY – a Munich-based venture between BMW Group, Daimler AG, Ford Motor Co. and Volkswagen AG – to start charging stations in 10 European nations. Shell and IONITY will initially have charging points at 80 of Shell’s biggest highway fuel stations, with an average of six posts in each.
The agreement builds on Shell’s acquisition of Europe’s largest electric-vehicle charging provider NewMotion last month. The deals come as the oil industry goes through a critical phase in its history, with the dominance of petrol and diesel challenged by the need for cleaner energy.